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Minister of Petroleum and members of the
Industry and Energy Committee of the
 People’s Assembly visit MIDOR Refinery

  Eng. Sameh Fahmy, Minister of Petroleum ,  with the company of General Adel Labib , Alexandria Governor, Mr. Mohamed Abou El Enein , Head of the Industry and Energy Committee of the People’s Assembly and its members, visited Middle East Oil Refinery (MIDOR).

   Eng. Sameh Fahmy, Minister of Petroleum, assured that in the last few years the world’s petroleum market has gone through a shortage of the refineries resulting from not constructing  new ones, inspite of the world’s increasing demand of high quality petroleum products that require  hi-Tec refineries. He also pointed out that MIDOR is considered as a modern complex  refinery with a capacity of 5 million tonnes annually and producing high quality products complying with the American and European Standards.

   Chem. Medhat Youssef, Chairman and CEO of MIDOR, indicated that MIDOR is segregated technically as a deep conversion refinery which produces final high quality products that represent 87% (LPG – Gasoline – kerosene - Diesel) while they don't exceed 48% in the simple refineries.

   Moreover, he explained that MIDOR Refinery includes a Hydrocracker and Delayed Coker Units that convert heavy products of low value into light and middle distillates of high economic value.    In fact, it is regarded as  a unique refinery in Egypt that doesn’t produce fuel oil as a final product which increases the added value of its products.

  He added that MIDOR produces 33% of the Egyptian diesel which is equivalent to 25% of the total consumption of the local market. Accordingly, an expansion plan has been implemented to increase the production for the economic benefit from its units clarifying that the current investment value of the refinery has recently increased by 3 times from 1.4 billion dollars (during construction) to 4.5 billion dollars .

   The Head of Industry and Energy Committee of the Egyptian People’s Assembly, Mr. Mohamed Abou El Enein stated that MIDOR Refinery applies highly advanced technologies pointing out the importance of the Refinery in providing diesel and high octane gasoline to the local market and exporting the surplus. This is a message to encourage and maintain these great capabilities and not to privatize them.   

 



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